If you're referring to American billionaires, I'd probably agree. But I think this section from the article is more accurate and less to do with billionaires:
Confusion and fear are possible reasons why people are becoming less accepting of gender diversity, said Wayne Bernakevitch, founder of the Regina Civic Awareness Action Network, an organization that lobbied in favour of the Parents’ Bill of Rights.
“They're concerned with finding a house to live in, you know, how do you pay for the next week's groceries? And so getting into all of this is just a great distraction in their life,” Bernakevitch said in an interview with CBC’s Blue Sky.
Politicians play a critical role in the creation of these attitudes, Leah Hamilton, a professor of business, communication studies and aviation at Mount Royal University, told Blue Sky.
“We have seen over and over throughout history, especially during periods of perceived or real competition for resources like jobs and housing and other things, that politicians will often create scapegoats,” Hamilton said.